At multi-year highs: DLF among 6 stocks that saw 5-year swing high breakout
Golden Crossovers: Hindustan Motors among 3 stocks signaling further bullishness
Hot Stocks: Brokerages view on Titan, Nykaa and 2 other stocks
After Q2 updates, Morgan Stanley took an Equal Weight stance on Titan while Nomura maintained a neutral view on the Lifestyle-focused consumer technologies platforms FSN which operates Nykaa.
Local funds’ equity portfolio value surges, so does heft
The equity portfolio value of domestic funds rose to ₹27.90 lakh crore in September 2023, data from NSDL show, driven by increased investment by local funds that offset the impact of redemption by foreign funds (FPIs).
US yields must stabilise to make FIIs net buyers
This is how far back one must travel in time to understand the surging cost of funds in the world’s biggest debt market, which determines how much companies from Jakarta to Johannesburg would pay to raise funds for anything: From something as mundane as staff wages and vendor payments to initiatives far more elaborate and […]
Higher-for- longer rate stance may end early 2024
That’s the outlook foreseen by Bloomberg Economics, whose aggregate gauge of world interest rates is seen beginning a swift descent in the first quarter. In advanced economies, that shift will take only slightly longer to transpire before they too synchronize downwards.
20K again for Nifty on close over 19,800: Analysts
We believe recent healthy retracement has helped the index to cool off the overbought conditions. Thus, the focus should be on accumulating quality stocks amid ongoing global volatility.
Indexed swaps are hinting at a possible 25-40 bps rate hike
While a surge in US bond yields has exerted upward pressure on OIS rates over the past month, market participants said that the heightened degree of vigilance about inflation expressed by the RBI on Friday had given traders reason to consider the possibility of more domestic monetary tightening.
Markets may open lower on heightened geopolitical risks
Stocks in Israel and the Middle East dropped on Sunday in response to the heightened tensions in the region. Israel equities plunged 5.8% at the time of going to print. Saudi Arabia was down 1.7%, while Kuwait and Qatar markets were trading weak.
Centrum Capital explores sale of its stake in housing finance biz
Centrum Capital is reportedly considering selling its stake in Centrum Housing Finance, its mortgage financing business. Centrum holds a 74% stake, while Morgan Stanley PE Asia holds around 25%. The potential sale is driven by RBI directives following Centrum’s acquisition of PMC Bank, which require Centrum to divest its majority stake in the housing finance […]